Marriott International
You have sold your hotel The Miami Beach Edition by $ 230 million(€203 million) in cash to the sovereign wealth fund Abu Dhabi Investment Authority (ADIA).
This sale operation is part of a series of three hotels of the brand agreed with the sovereign wealth fund, which began with the sale in January of the The London Edition. Marriott expects to sell the third store, The New York Edition, in the first quarter of 2015.
“The Miami Beach Edition is a defining example of this extraordinary brand,” said Marriott International President and CEO, Arne Sorenson. The directive has stressed that they expect to continue receiving thousands of visitors in this hotel that represents the new generation of urban resorts.
The establishment is located in the heart of Miami Beach, between South Beach and North Beach, and is designed for both the vacation and business guests looking for a Unconventional luxury.
The chain plans new hotels of the brand
Edition
in Los Angeles, which will open in 2018, in addition to other projects in New York, Bangkok, China, Indonesia and Abu Dhabi.
https://www.hosteltur.com/199220_marriott-vende-su-hotel-edition-miami-200-m.html